In an effort to streamline operations and re-establish sales momentum, newly installed chief executive Michael Fiddelke has decided to lay off around 500 people at Target. The layoffs are a component of a larger reorganisation that will provide store managers more power and streamline the retailer’s store field structure.In an effort to give store directors more authority, Target has announced that it is reducing the number of districts in its organization. Approximately one hundred positions will be cut from district offices. But the company’s supply-chain locations will lose about 400. No jobs at the store level will be impacted, according to Target.Why Target Opted for Layoffs?Target is under increasing pressure to improve execution, and this restructure is a reflection of that. As competition heats up and consumer demand stays unequal, the company must reinvest in customer experience. Without providing a specific amount, Target stated that the adjustments would enable it to enhance its investment in guest-experience training and more in-store staff. Layoffs are part of a larger leadership transition. Fiddelke was officially appointed in August and took over as CEO this month.Fiddelke wants to improve the in-store shopping experience, polish merchandising, and strengthen digital capabilities. He announced Rick Gomez’s resignation…  ​Read MoreStartupTalky- Business News, Insights and Stories

RELATED ARTICLESMORE FROM AUTHOR